POLSKA POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND NEWSLETTER October 3rd, 2013 issue 350

NEWS SPAIN - A PARTNER IN TIMES OF AUTONOMOUS REPUBLIC OF UNCERTAINTY CRIMEA IN - Promotion of a new world, building a strong - Ukraine moved up from 13th on the 10th position partnership to face global challenges in the times of among the major importers of Polish products - said uncertainty in Europe - such tasks were appointed by PAIiIZ Deputy President Monika Piątkowska during Deputy Prime Minister of Poland Janusz Piechociński Monday's meeting with the representatives of the while opening "Spanish Days" at the Ministry of Ministry of Economy of Crimea. Economy. - Ukraine export improved the most in such sectors as: the Poland has 3 crucial factors that attract foreign investors electro-engineering industry, chemical industry, light the most, explained President Majman during the industry as well as vehicles, mineral and food production meeting. Those are: political and financial stability, -explained Ms Piątkowska. consistency in the policy of liberal economy with opened The meeting with the representatives of the Ministry of doors to foreign capital and the human potential (1 out Economic Development and Trade of the Autonomous of 10 students in Europe is a Polish). - Moreover, 14 Japanese investors during the meeting WSEZ Republic of Crimea was held on 30 September at PAIiIZ. special economic zones are the “real stars” of Polish Source: WSSE Invest-Park The Agency's representatives informed about the most economy - he added. He also stressed that the Polish important tasks of the PAIiIZ and Polish investment market has radically changed its image during last PAIiIZ COOPERATES WITH TORUŃ potential. years. - Toruń can reap the benefit of its intellectual More information: www.paiz.gov.pl/20130930/ Spanish Days were organised by the Ministry of potential. There are huge opportunities to present the republic_of_crimea_in_Warsaw (PAIiIZ) Economy of Poland, the Embassy of the Kingdom of city as an alternative to the biggest Polish centres Spain in Poland in cooperation with the Polish - Spanish profiled in developing working places in intellectual Chamber of Commerce. business - says Sławomir Majman, PAIiIZ president. M o r e i n f o r m a t i o n : w w w . p a i z . g o v . p l / He visited Toruń to sign the cooperation agreement 20130930/spain_partner_in_times_of_uncertainty between PAIiIZ and the city. (PAIiIZ) Cooperation with PAIiIZ gives Toruń new opportunities in economic promotion worldwide. Investing offers of Toruń will be included in PAIiIZ database, which is used in relations with foreign investors. PAIiIZ will also help Toruń in preparing investing offers, data collecting and managing as well as providing economic information. M o r e i n f o r m a t i o n : w w w . p a i z . g o v . p l /20130927_paiiiz_works_with_torun (PAIiIZ) Meeting with the representatives of the Ministry of Economic Development and Trade of the Autonomous Republic of Crimea in PAIiIZ

SMALLER CITIES WITH A CHANCE FOR BPO „Spanish Days” at the Ministry of Economy - Apart from Polish big cities like Krakow or Wroclaw, Source: Ministerstwo Gospodarki BPO investments are more often located into smaller centres - said Ms Monika Piątkowska, PAIiIZ Deputy PERUVIANS ENCOURAGE POLISH President, during Property Forum 2013. BUSINESS Ms Piątkowska participated in discussion panel on improving conditions of office space in regional centres. During the Poland - Peru Economic Forum, Carlos Speakers exchanged views on the role of local Posada, Deputy Minister of Foreign Trade of Peru governments in attracting investors, investment process encouraged Polish business to cooperate with Peru. in real estate sector. They also discussed about leaders The event was held on 30 September in Warsaw. Exchange of signed agreement between PAIiIZ and Toruń and new players in new BPO projects. Poland - Peru Economic Forum was organised by the Source: UM Toruń Property Forum 2013 it the biggest event dedicated to Polish Camber of Commerce, the Ministry of Foreign real estate sector in Poland. This year it takes place on 24 Trade of Peru and the Peruvian agency Proinversion. - 25 September in Sheraton hotel in Warsaw. Iwona Chojnowska-Haponik, Foreign Investment WHY POLAND? - WHY TURKEY? More information: www.paiz.gov.pl/20130927/ Department Director represented PAIiIZ during the PAIiIZ continues its work to strengthen the smaller_cities_have_a_chance_for_BPO (PAIiIZ) event. cooperation with Turkey. On 25 September, M o r e i n f o r m a t i o n : w w w . p a i z . g o v . p l / Mr Sławomir Majman, PAIiIZ President, attended 20130930/Peruvians_encourage_Polish_business business seminar dedicated to development of (PAIiIZ) bilateral economic relations between Poland and Turkey. Investment opportunities were discussed by Deputy JAPANESE BUSINESSES Minister of Economy Andrzej Dycha, President of PAIiIZ IN WAŁBRZYSKA SEZ Sławomir Majman, former Prime Minister Kazimierz What makes Poland an attractive country for Marcinkiewicz and Deputy Minister of Ecomomy of Japanese investors? What are the difficulties faced Turkey Mustafa Sever. by businesses from Japan in the SEZ, and what do the Poland is the biggest trade partner of Turkey in Central Japanese expect in terms of SEZ? All of those issues Europe. By the end of the year, the bilateral trade is were discussed during the seminar at Wałbrzych expected to exceed $ 5 billion. Special Economic Zone. The seminar was organized by Dentos, under the Deputy Director of Foreign Investment Department in patronage of Deloittle, the Polish - Turkish Chamber of PAIiIZ Marek Szostak presented the investment climate Commerce, KIG and DEiK - Turkish business in Poland. He stressed the economic stability of the organization for the economic development of Turkey. country, its strategic position in CEE and the availability M o r e i n f o r m a t i o n : w w w . p a i z . g o v . p l / of high quality human resources in the country. 20130925/why_poland_why_turkey He also listed barriers that foreign investors mostly (PAIiIZ) complain about, including ambiguous provisions, low quality of roads, labor policy and bureaucracy. Monika Piątkowska Deputy President PAIiIZ M o r e i n f o r m a t i o n : w w w . p a i z . g o v . p l / at Property Forum 2013 20131001/japanese_business_in_wsez (PAIiIZ/WSSE) Polish Information and Foreign Investment Agency www.paiz.gov.pl POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND

PERSIAN GULF ON POLISH FOOD Food Fair. discussed the policy of food security in Poland and the FAIR Business representatives from Saudi Arabia, Qatar, impact of promotional campaigns on export volume. Kuwait and the UAE came to Poland to visit Polagra Food The visitor took part in the gala of “Poznaj dobrą - Popularity of Polish food in the Middle East is rising 2013 Fair. The visit was organized within the framework żywność" and a ceremony of Acanthus Aureus awards and products made in Poland have a very good of the Eastern Poland Economic Promotion Programme. for the best designed stand during at fair. The mission of opinion there. Due to Polish promotion activity the Guests participated in a series of expert panel Persian delegation took place on 22-25 September. number of contracts is constantly growing - said discussions focused on sectors as fruit and vegetable More information: www.paiz.gov.pl/ 20130930/ Bożena Czaja Vice President of PAIiIZ during Polagra processing, confectionery and alcohol. They also persian_gulf_visiting_poland(PAIiIZ) INVESTMENT NEW INVESTORS ON PAIiIZ LIST WARMIA-MAZURY SPECIAL PLAYING GOLF IN THE FORMER 5 new investment projects were placed on the list of ECONOMIC ZONE INCREASED BY MINE PAIiIZ. New investors declare the creation of over 500 MORE THAN 70 HA The first in Poland golf course in postindustrial areas jobs. Due to extending the area of Warmia-Mazury Special was opened at the end of September in Bytom. The Most of investors supported by the Agency come from Economic Zone in Kętrzyn a new investment worth biggest commercial revitalization project in the the U.S. (43 projects, worth 1.086 bilion, 8516 jobs) PLN 50 million will be built. As a result at least 2000 country covers nearly 100 ha of land. and the UK (8 projects). The Agency also supports new employees will be able to work there in the The project consists of a full-size-18-hole golf course, projects form , India and . Each of the future. residential development, club house, "senior residence" countries provides 7 projects in Poland. Currently PAIiIZ Extension of the Zone led Philips Lighting Poland SA and commercial buildings. Currently, in Bytom post- supports 158 investment projects with a total value of modernise the factory that produce energy-efficient mine area one can practice golf using nine-hole course, 4.692 bilion. Due to those projects 31 565 new working lighting and LED-based flash. The investor also plans to driving range, putting and chipping area. Moreover, at places can be created in the nearest future. provide R&D, IT and BPO services. The company will the revitalized areas around the field the first phase of M o r e i n f o r m a t i o n : w w w . p a i z . g o v . p spend PLN 50 million for modernization. Moreover, single-family housing and commercial buildings was l/20130930_new_investors(PAIiIZ) Philips plans to hire 70 new employees soon. (MG) build. (Armada Development)

THE CHINESE TAKE OVER THE SZCZECINEK FURNITURE CLUSTER NEW INDUSTRY AND WORLD'S LARGEST PORK IN SŁUPSK SEZ TECHNOLOGY PARK PRODUCER On 20 September Kronospan Szczecinek Sp. z oo, the Zawiercie Industry and Technology Park will be built 4.7 billion USD this is a value of the biggest City Szczecinek, District of Szczecinek and the in the Economic Activity Zone. Some areas of SAG transaction in the history of an acquisition of the U.S. Pomeranian Regional Development Agency from belong to the Katowice Special Economic Zone. company by the Chinese. On 24 September Slupsk signed a letter of intent to create a furniture Investment plots available for investors have a size of Smithfield shareholders finally approved the offer of cluster. 0.5 ha to 10 ha. the Chinese investor Shuangui International Szczecinek Furniture Cluster has been formed in the In Industry and Technology Park one can find offices and Holdings Ltd. "Szczecinek" Subzone that belongs to Słupsk Special administrative facilities, training rooms, production, Chinese investor Shuangui Group takes over U.S. Economic Zone. The cluster is supposed to help to storage halls and modern laboratories. The mission of company Smithfield Foods - the largest producer of improve the economy of the city and the entire region, as this institution is to provide the best possible conditions meat and milk in the United States. In Poland Smitfield well as to strengthen a development of . The for knowledge flow between the University of owns Animex group. It is the largest exporter of Polish cluster will be a cooperation platform for wood Technology in Częstochowa and local business. ( products to more than 40 countries: U.S., South Korea, processing industry, furniture manufacturers, science Zawiercie) Japan, Spain, Italy, France, Britain and . institutions and local R&B sector. (Słupsk SSE) More information: www.paiz.gov.pl/20131002/ chinese_take_over_world_largest_pork_producer (PAIiIZ) REPORTS AND ANALYSYS PRODUCTION INCREASED IN In September, the PMI again reflected the increase of month in a row. It was supported by an increase in INDUSTRIAL SECTOR production in the Polish manufacturing sector. The rate demand, both from the domestic and export markets. of expansion in production remained strong. As a result The rate of workforce improved and was the fastest since According to HSBC report prepared by Markit, PMI for the companies expanded workforce at fastest rate in May 2007. Poland has rose for the third time in a row from 52.6 over six years. The average Q3 reading for the PMI (52.3) was the points in August to 53.1 points in September. The volume of new orders increased for the fourth highest since Q2 2011.(markiteconimics.com)

EVENTS

GMINA - FAIR OF PRODUCTS AND THE INVESTMENT FORUM 13TH INTERNATIONAL ECONOMIC SERVICES FOR LOCAL On 10 October the city of Sochaczew holds The FORUM IN GDYNIA GOVERNMENTS Investment Forum. The event is organised under the On 11 October Gdynia will host the International honorary patronage of Deputy Prime Minister Janusz On 7-9 October 2013 Poznań International Fair will Economic Forum one of the biggest business event in Piechociński, PAIiIZ and the Marshal of Mazowsze hold the next edition of Gmina Fair of Product and Northern Poland. The event is held under the Provice Adam Struzik. Services for Local Government. Gmina is patronage of PAIiIZ. The Forum will be visited by representatives of Polish, accompanied by Investfield Property and Investment This year's panel discussions will focused on three main European, Asian and North American companies. Exhibition. The event is organized under patronage of themes: maritime economy in the times of legal and Investment Forum is dedicated to business PAIiIZ. business changes, modern airport model GA+B and a representatives form IT, BPO, logistic and construction For the second time Gmina fair and Investfield fair are airport related business as a chance of the airport sectors. held together with GMINA Local government Congress development. Participants will also discuss about the city Applications will be accepted until 7 October by mail: (8 - 9 October). The meeting is organized with postindustrial areas by the sea. Beata.Budzynska @ sochaczew.pl or Marcin.Rosinski @ Rzeczpospolita daily newspaper. The event's aim is to Participation is free. To register, please fill the form sochaczew.pl provoke discussion on local development and to create available on: www.forum.gdynia.pl. (ARG) More information: www.mfi.sochaczew.pl (MFI) a platform for experience exchange between representatives of local government, public Exchange rates as 03.10.2013 administration and business. During the Congress ABOUT INNOVATION IN OPOLE industry experts will participate in several panel On 16 October, the city of Opole organizes the first Buy Sell discussions. Innovation Forum. PAIiIZ took patronage over the USD 3.0677 3.1297 M o r e i n f o r m a t i o n : w w w. g m i n a . m t p . p l , event. EUR 4.1694 www.investfield.mtp.pl, www.kongresgmina.pl. (MPT) Topics discussed at the first Innovation Forum are: 4.2536 improvement of cooperation networks for innovation Source: www.nbp.pl and business development in Opole area, REGIONAL LOGISTIC FORUM strengthening of cooperation between R&D sector and On 8 October Słupsk Technology Incubator (SIT) will local business and improvement of modern technology host the Regional Logistic Forum. transfer. Polish Information The conference aim is to stimulate expert discussion of RSVP to 9 October: 77 453 68 25 or by e-mail: and Foreign Investment Agency academic and business representatives on the [email protected] 00-585 Warsaw, ul. Bagatela 12 opportunities and barriers of the development of tel. (+48 22) 334 99 49 More information: www.opole.pl / business (UM Opole) fax (+48 22) 334 99 90 logistics sector in Poland. e-mail: [email protected] More information: http://forum-logistyczne.pl/ (SIT) Public Relations Division. Information and Communication Department

Polish Information and Foreign Investment Agency www.paiz.gov.pl